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Observations
repeated from previous page:
The graph in Figure 2
shows many things, but the most important are listed below. All
observation
are for surplus or deficit per citizen:
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There is a range of the
federal debt and surplus per citizen for years 1980 to 2008: The range
is $837 surplus to -$1508 deficit with an average of -$612 deficit.
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There are trends up and
down within presidents and between presidents for the federal deficit
and surplus per citizen for years 1980 to 2008.
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There are 26 years of
deficit spending and 4 years of surplus, with the surplus years being
years 1998 to 2001
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The difference of the
year 2009 to the years 1980-2008 is very significant for the deficit
per citizen: The deficit for the year 2009 is 8.5 times as big as the
average of the years 1980 to 2008. The deficit for the year 2009 is 6.1
times as big as the average of the Bush-43 years, 2001 to 2008. The
deficit for the year 2009 is $4330 larger ($5175-$845) than the average
of the Bush-43 years, 2001 to 2008.
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More observation from Figure 2 and Figure 3.
All observation are the surplus or deficit per
citizen.
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The surplus or deficit
per citizens varies up and down with interesting patterns within each
president and congress.
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During Ronald
Reagan’s 8-year term the deficit was relative consistent with the
middle 4 years being the worst, or most deficit.
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During George H. W. Bush,
the 41st president, the deficit increased a little each year.
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During Bill
Clinton’s term the deficit got better, consistently each year,
with the last three year being a surplus.
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George W. Bush, the 43rd
president, started with a surplus, went back to increasing deficits,
reversed the direction by reducing the deficit in his 5th thru 7th
years, but then going back to his worst deficit in his 8th year.
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President Barack
Obama’s only year, so far, shows the August updated numbers for
the Congressional Budget Office (CBO). It is the worst deficit at any
time in the nation’s history, and a very large increase.
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Many other observations
exist.
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